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Concentration of Credit Risk and Major Customers and Vendors
6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk and Major Customers and Vendors

18. Concentration of Credit Risk and Major Customers and Vendors

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents. The Company’s cash and cash equivalents are maintained with high-quality financial institutions, the compositions and maturities of which are regularly monitored by management.

For six months ended June 30, 2025, Woodway our exclusive distributor represents 67% of the Company’s total revenue. For the six months ended June 30, 2024, there were no customers representing greater than 10% of the Company’s total revenue.

At June 30, 2025, one customer had an accounts receivable balance greater than 10% of accounts receivable, representing 98% of accounts receivable in the aggregate. At December 31, 2024, one customer had an accounts receivable balance greater than 10% of accounts receivable, representing 96% of accounts receivable in the aggregate.

The Company had one vendor representing greater than 10% of total finished goods for the six months ended June 30, 2025. The Company had no vendors representing greater than 10% of total finished goods for the six months ended June 30, 2024.